As digitalization grows to prominence, organizations today are totally engrossed in executing their daily transaction through connected devices that simplify their operations and business processes. Today, it is not too surprising to see retailers seeking a much-needed dose of technology to simplify their retail banking processing.
With the millennial generation expected to become the largest consumer group by the next decade, CIOs are pressurized to gear up with innovative banking systems, products and services that help them to increase revenue, and stay ahead in the competitive marketplace.
To achieve this, financial institutions across the globe are inclining heavily on automated banking solutions to manage client’s transactions and accounts. The staggering growth of cloud services and big data analytics is helping banks formulate innovative consumer-centric strategies. A reliable mobile and wireless banking option allows retailers to transact anywhere, anytime— while reducing operating expenses and time. Add to this, features such as predictive analysis and transaction data monitoring are facilitating banking firms with customized solutions. These technologies are also helping banks improve risk management and compliance.
In order to drive success in the banking environment, it is essential for financial institutions to acquire greater expertise on coherent digital ecosystems that can ensure efficacy of their solutions while providing state-of-the-art services. To help CIOs, CFOs, and CEOs find the right solutions for their retail banking initiatives, a distinguished panel comprising CEOs, CFOs, analysts, and Banking CIO Outlook’s editorial board has selected the top players in the sector. The companies featured here demonstrate an ability to develop innovative technologies and methodologies, while providing outstanding customer service.
We present to you Banking CIO Outlook’s Top 10 Retail Banking Solution Providers - 2018.